PPI Reclaiming Discussion part 4

amersall

traz39 wrote: »

it states at bottom of letter final response so dont think there is anymore they will do

They wont, so take it to FOS. You have a claim here and FOS dont look too kindly on frontloaded ppi.

traz39

amersall wrote: »

They wont, so take it to FOS. You have a claim here and FOS dont look too kindly on frontloaded ppi.

what form do i need to fill in is there one on here

The_Marksman

Hello there,

the form can be found here:D

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step4

di3004

Traz39, procedures of complaining to the FOS here, with enclosed complaints form etc, good luck.
http://www.financial-ombudsman.org.uk/consumer/complaints.htm

gadgets.loco

Hi - I called Barclays, it's secured lending arm (they anwer the phone as UK Secured Lending), this morning to get an update on a claim I filed a few months back. They have confirmed what was announced yesterday but also said that they are waiting for the courts to provide the guidelines for processing the claims before they can process my claim. Is there still a pending action from the courts just as they claim?

l1sa

hi, can anyone tell the link for the ppi calculator as am trying to work out how much i should get back. also looking at some of other people loan amounts and ppi they had on there i seem to of paid an awful lot considering it was only a small loan is this depending on the length of the loan and the apr ?

any help appreciated .

PoppyHoppy

Hello all,
I've just received my phone recording from Vanquis from when I accepted the card.
I requested the recording because when I took out the card in 2008 I agreed to their ROP - I cancelled it last year when I realised I was paying it.
Having listened to the recording, I now understand why I did take it out. The advisor said that they charge 99p per £100 balance. So I would have thought, oh that's £9.99 max. Now, the max balance I've had is £1000, yet I was often making payments around £20 per month, so clearly it's not 99p per £100.
Has anyone else claimed back based on the cost being much higher than they claim?
Another issue is, the advisor says she has given me a personalised recommendation for this product. However, didn't ask ANY questions to establish if it's suitable. Surely this is another mis-sell?
Any pearls of wisdom will be received with thanks before I send off yet another letter to Vanquis

Dave_6

Thanks robbedofmymoney

If he is successful what is likely to happen, will they send a cheque or would they take the repayment off his outstanding loan?

At the start of loan 2 it was written in that if he doesn't pay it off early then they will give him back £1000 as a bonus.
We did go into the bank to discuss having PPI removed but they said he would then lose out on that bonus as they would have to re-write the loan

robbedofmymoney wrote: »

here goes

Loan 1 you would get back the premiums you paid

12 x 19.45 = £233.40 + 8% simple (£77) = £310.40
and the difference in settlement
583.50 - 233.40 = £250.10 + 8% simple (£73) = £323.10

total refund for loan 1 = £633.50

loan 2

43 x 60.15 = £2586.45 + 8% simple (£379) = £2965.45

your monthly repayments will then go down by £60.15 per month for the remainde rof the loan term

di3004

gadgets.loco wrote: »

Hi - I called Barclays, it's secured lending arm (they anwer the phone as UK Secured Lending), this morning to get an update on a claim I filed a few months back. They have confirmed what was announced yesterday but also said that they are waiting for the courts to provide the guidelines for processing the claims before they can process my claim. Is there still a pending action from the courts just as they claim?

Hi there

To what I know of they should be now getting on with the complaints, now that this issue is all over.
I would keep contacting them for updates.

I have been told by Lloyds they are to now to continue with the complaints - FSA rules etc, but they are unable to give a timescale as such as when we should hear, but I tend to keep in touch with them at regular intervals, good luck.

di3004

l1sa wrote: »

hi, can anyone tell the link for the ppi calculator as am trying to work out how much i should get back. also looking at some of other people loan amounts and ppi they had on there i seem to of paid an awful lot considering it was only a small loan is this depending on the length of the loan and the apr ?

any help appreciated .

Hi there
Maybe Robbedofmymoney will be along soon with some helpful info, good luck.